BANKING ANALYTICS

Ranking of the Azerbaijani banking sector (ranking includes the information component of the banking sector, the main events of the world economy, the analytical review of the main indices of the banks which are being ranked)

Azerbaijan Protests to US State Department (video)

Azerbaijan, Baku, 29 April / Trend corr J. Babayeva/ Official Baku has protested to the US State Department due to the fact that on 2 May an event named 'The 20th Anniversary of Artsakh' will be held in The Wilshire Ebell theatre in Los Angeles, the Azerbaijani Deputy Foreign Minister Araz Azimov said to journalists in Baku on 29 April.

According to Azimov, official Baku also expressed its objection to the US Embassy in Azerbaijan.

The Armenians have declared that the historical name of the Nagorno-Karabakh region is Artsakh.

" Washington's position on Nagorno-Karabakh was expressed in the official statement of the State Department," Jonathan Henik, head of PR Department at the US Embassy in Azerbaijan, said to Trend .

"The US State Department again stated that it does not recognize Nagorno-Karabakh as an independent state, but will continue its activities intended for the peaceful settlement of the conflict," Henik said. He added that the theatre holding the event is a non-state.

Azerbaijan's Consulate General in Los Angeles sent a protest letter to Philip Miller, chief manager of The Wilshire Ebell, in connection with the event.

The conflict between the two countries of the South Caucasus began in 1988 due to Armenian territorial claims against Azerbaijan. Since 1992, Armenian Armed Forces have occupied 20% of Azerbaijan including the Nagorno-Karabakh region and its seven surrounding districts. In 1994, Azerbaijan and Armenia signed a ceasefire agreement at which time the active hostilities ended. The Co-Chairs of the OSCE Minsk Group ( Russia, France, and the US) are currently holding peaceful negotiations.